Category

Financial Literacy
buy now pay later loans
Buy Now, Pay Later Loans (also known as BNPL Loans) are on the rise. According to CNBC, Consumers have taken on a massive amount of credit card debt in 2022, rising to $841 billion in the first three months of the year. Low unemployment paired with high inflation is thought to have contributed to this...
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need help paying for college
Do you need help paying for college? Did you know that MMCCU partners with ISL Education Lending to offer student loan products with competitive lower interest rates to help you and your student navigate college costs? If you find that savings, earnings and other financial aid are not enough to cover the full cost of...
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financial tips for recession
Financial Tips for a Recession News about inflation, rising prices, and supply chain problems is everywhere. As a credit union, helping our members is priority #1. In good financial times and in bad, we’re here to help answer questions and navigate the financial landscape. If you’re wondering how to recession-proof your finances, we’ve compiled some...
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how to apply for a loan
Interested in a loan? Whether you need a home loan, car loan, or other personal loan, MMCCU is here to help our members. What is a loan? A loan is money you borrow from a financial institution and pay back in full at a later date, with interest. Loans typically consist of principal (the amount...
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difference between first and second mortgages
If you own a home, you might be wondering what is the difference between first and second mortgages. In short, a first mortgage is the primary loan that you take out to purchase a home. You go to a lender, take out a loan (mortgage) to pay for the home. Your property is the collateral...
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fixed vs adjustable rate loan
With interest rates on the rise, you may be wondering the difference between a fixed rate and an adjustable rate loan and if one is better during this time of increase. MMCCU can help! Our loan team will work with you to understand your situation and determine which route is best. In short, with a...
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help cover emergency expenses
Kwik Cash Line of Credit Kwik Cash works similarly to a credit card – without the physical card. As a line of credit, you are given an available limit that you can then borrow from whenever the need arises. “The interest rate is much lower than a typical credit card or unsecured/signature note,” said Jerry Litwaitis,...
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tips on using credit card
According to recent Federal Reserve data, consumers are loading up their credit cards significantly in 2022. Credit cards can be a powerful financial tool when used correctly, but a liability if they are not.  Borrowing in March soared by the most on record and 537 million new credit card accounts were opened in the first...
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gap insurance depreciation protection
Buying a car is one of the bigger purchases you’ll make in your life, and it’s important to protect that purchase. Insurance is obviously important, but there are additional ways to further protect your vehicle. MMCCU offers both depreciation protection and GAP insurance. What’s the difference? Not sure if you need these products? Contact our...
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gas station account holds
Have a question about your available funds balance after buying fuel at Kwik Trip in Marshfield? It’s a common inquiry we’ve been hearing lately at MMCCU. Starting this month, Kwik Trip has changed how customers pay for fuel. When purchasing fuel at Kwik Trip, customers must have either pre-pay or pay at the pump. You...
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